Archive for the ‘Nevada’ Category

Retirees Left With Nothing

Thursday, December 4th, 2008

Jeff German wrote a great article for the Las Vegas Sun detailing Hans Seibt’s alleged scam to defraud the elderly.  According to the article, Seibt, who owned HSLV Development Corp., convinced people to invest in undeveloped land in Pahrump, Nevada, by promising a 12 percent return.  Many of his victims were seniors who turned over their retirement accounts and life savings. (more…)

Posted in Retirees, Senior Citizens, Investor Protection, Nevada, Nevada, Baby Boomers, Investors at Risk, Securities Industry (general), Scams, Ponzi schemes, SEC, Uncategorized | No Comments »

SEC Stops $27 Million Ponzi

Friday, May 9th, 2008

The Securities and Exchange Commission (SEC) has charged Las Vegas-based Gold-Quest International and its principals, David M. Greene, John Jenkins, and Michael McGee with running a Ponzi scheme and misappropriating investor funds.  A federal judge in Las Vegas has granted the SEC’s request for a temporary restraining order and an asset freeze against the defendants.  (more…)

Posted in Nevada, Currency Trading, Nevada, Investor Protection, Investors at Risk, Scams, Ponzi schemes, SEC, Securities Industry (general) | No Comments »



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